Trump Media and Technology Group has certainly been quick to utilize the billions of dollars in new capital that it raised recently towards establishing a dedicated Bitcoin Treasury. As a refresher, Trump Media and Technology Group had announced back in May that it was raising around $2.5 billion in gross proceeds by entering into subscription agreements with around 50 institutional investors, raising ~$1.5 billion by selling its common stock to these investors, and another $1 billion by issuing convertible senior secured notes. Trump Media was able to close this offering, which consisted of 29 million shares of underlying convertible notes and an […]
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